Quote:
Originally Posted by osirisboy
Why can't they turn it over until they complete it?
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That's not how it works.
That's never how it works.
The TENANTS can't move into their spaces until their landlord (i.e the mall) finishes and completes their spaces - for all number of reasons ranging from liability to terms of contract and service.
Would you move into a building or a new house while the plumbers, contractors and electricians were still milling around and moving in and out at all hours of the day completing your unit's plumbing and lighting and electrical fixtures and installing appliances?
Do you know of any landlord or building owner that would even allow that in the first place?
Same logic applies with retail tenants in a mall.
There's actually a related and relatable story in the Station Square thread where a couple moved into a unit that the developer hadn't performed a final Q/A inspection on and it turned out that one of the balcony glass panels hadn't been installed and when their daughter (with toddler grand-daughter in tow) came to visit, she discovers this luckily before her daughter wanders out there.
Luckily for the developer because if that child had meandered out there and that story turned out more tragic than it did, they'd be in serious hot water - if they aren't already, or at least facing some sort of lawsuit.
That's the sort of liability issue that can arise if you let your tenants or buyers move in before their space/home is ready and inspected and before you've ensured it's ready for occupancy.
If a retail tenant moves in while construction is still ongoing, plugs in some equipment to install their shop fit-outs and appliances, and in so doing experiences an electrical fire or outright conflagration of the entire space because it turns out the Electrical folks weren't don't installing all the required power-breakers, what do you think happens to the mall then? Especially if they had given the go ahead for tenants to move in before the space was ready?